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Minimum amount Rs 20/- in case of noncheque account, Rs.500/- in case of cheque account.
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Minimum balance of Rs.500/- is to be maintained for a cheque account.
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Account is opened with cash only.
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Maximum balance permissible is Rs. 1,00,000/- in a single account and 2,00,000/- in a Joint account.
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Two/Three adults, individuals, minor through guardian can open an account.
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A minor having attained 10 years of age can also open an account directly.
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One individual account and one joint account can only be opened at a Post Office.
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